Precision Cutting Technologies (Alleghany Capital) Acquires Supermill LLC

Alleghany Capital Forms Precision Cutting Technologies and Acquires Majority Stake in CID Performance Tooling

June 24, 2019

Manufacturing

Alleghany Capital Corporation formed a new holding company, Precision Cutting Technologies, and Precision acquired a majority interest in Coastal Industrial Distributors, LLC (d/b/a CID Performance Tooling), a Saco, Maine-based manufacturer of high-performance solid carbide end mills. The move consolidates Alleghany Capital’s machine tool and consumable cutting tool businesses under a single platform to share resources and expand capabilities and end-market reach in aerospace, defense, and medical sectors.

Mill City Capital Acquires HN Precision Company

January 26, 2018

Manufacturing

Mill City Capital has acquired HN Precision Company, a precision machining manufacturer headquartered in Lake Bluff, Illinois, from Cerberus Business Finance. HN Precision operates over 175 CNC machines and employs approximately 240 people serving end markets including heavy truck, off-highway vehicles, recreational firearms and rail; Mill City plans to grow the business as a platform and expand its manufacturing capabilities.

Clearlake-Backed TEAM Technologies Acquires Precision Die Cutting (PDC)

May 24, 2021

Medical Devices

TEAM Technologies, a Clearlake Capital-backed specialty healthcare manufacturer, has acquired Precision Die Cutting, LLC (PDC), a Chino, California-based medical specialty manufacturer focused on skin-contacting technologies and infection prevention products. The add-on expands TEAM's die-cutting, laminating and device assembly capabilities to better serve OEM healthcare customers; financial terms were not disclosed.

Precisional (TJC) Acquires Four Industrial Technology Businesses from Trimble

May 9, 2022

Manufacturing

Precisional, an affiliate of The Jordan Company, has completed the acquisition of four Trimble businesses — Protempis (formerly Trimble Time & Frequency), LOADRITE, Spectra Precision Tools, and SECO — to form a new platform focused on precision measurement and data solutions. The transaction is a divestiture by Trimble and establishes Precisional as a platform to invest in product development, operations and pursue synergistic add-on acquisitions.

Alfar Capital Acquires Megatech

November 19, 2019

Manufacturing

Alfar Capital has acquired Megatech, a Quebec City–based precision machining firm founded in 1992 that specializes in prototyping small, high-precision parts for optics, bionics, aerospace and military customers. The acquisition strengthens Alfar Capital’s position in advanced manufacturing and provides Megatech with additional financial and strategic support to continue growth and innovation.

Maysteel Industries Acquires Star Precision Manufacturing, Inc.

January 16, 2024

Manufacturing

Maysteel Industries, a portfolio company of Littlejohn Capital, acquired Star Precision Manufacturing, a full-service sheet metal fabrication and precision machining firm in Frederick, Colorado. Patriot Capital provided subordinated debt financing in support of the add-on acquisition, which expands Maysteel's manufacturing capabilities and geographic footprint in the Mountain West.